Wärtsilä Corporation Interim Report Q3 2015

Restructuring programmes

In July 2015, Wärtsilä announced plans to realign its Marine Solutions organisation, operations and resources in response to the sluggish global marine market situation. The organisational adjustments are proceeding according to plan. The realignment will mean the reduction of approximately 600 jobs, of which approximately 160 will be in Finland. In taking these measures, Wärtsilä seeks annual savings in the region of EUR 40 million, which are expected to materialise fully by the end of 2016. The non-recurring costs related to the restructuring measures will be approximately EUR 25-30 million, of which EUR 11 million was booked in the third quarter of 2015.

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